Devaluation Axis IOCL card devalued

[Rohith_Kumar_Sp]

So is it batter to cancel the card?

 

[praveensudhakaran]

Thinking the same, HDFC INDIAN OIL?

 

[CARDBITRAGE]

An already useless card became more useless.

 

[SSV]

An already useless card became more useless.

may be you are looking for the right word..
useless + useless = SCRAP 😉

 

[vamsikrishna1997]

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

 

[Aditya Jha]

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

If someone has LTF iocl, then not much affected my devaluation as it's already a rewardless card but for paid card it has become more useless

 

[VasukiVasuki is verified member.]

Thinking the same, HDFC INDIAN OIL?

Axis iocl still make sense with car owner
Hdfc iocl is garbage of garbage

 

[VasukiVasuki is verified member.]

So is it batter to cancel the card?

Fuel 4% still makes sense

I have all 3 ace, airtel& iocl and it's a real shock to me yesterday. Can anyone explain from now on we should do a minimum transaction of 400₹ of fuel purchase to get reward points on iocl card? Or 400₹ min.transaction is to avail surcharge waive off only?

Also in my view Iocl card is not completely useless or useful either.

For illustration

If u did 100 -399 rs fuel via card - there was 10rs surcharge+ gst

From 400 above 1+ gst ..

We used to get surcharge back 1% .

But trick was on upi there was no surcharge.
So 100-400 made sense .
But since upi fuel spends will also have surcharge .
400-4000 makes sense if less cancel it

It gives 1% on online spend/ upi 😂

 

[praveensudhakaran]

Axis iocl still make sense with car owner
Hdfc iocl is garbage of garbage

For car - diesel around 2500/pm
For bikes - petrol around 2000/pm

Usual run. This itself goes out of monthly cap now😭

 

[prateekm03]

Can anyone who has axis IOCL confirm if it gives 1% on UPI spends? I am planning to downgrade privilege to this card.
Have fuel spends around 3-5k too per month

 

[VasukiVasuki is verified member.]

Can anyone who has axis IOCL confirm if it gives 1% on UPI spends? I am planning to downgrade privilege to this card.
Have fuel spends around 3-5k too per month

Take it .

 

[Farhad sekh]

Can anyone who has axis IOCL confirm if it gives 1% on UPI spends? I am planning to downgrade privilege to this card.
Have fuel spends around 3-5k too per month

Y e s

 

[MrWick]

Can anyone confirm whether 5000 Edge RP limit in a month is for IOCL txns only or it is for all txns done on Axis IOCL Card.

Also Whether this limit is for statement cycle or calendar month ?

 

[praveensudhakaran]

I received an email from Axis saying I must spend 3.5L for an annual fee waiver. According to the Axis website, it is still 50K a year. Which one to believe?

 

[Cherry]

Can anyone confirm whether 5000 Edge RP limit in a month is for IOCL txns only or it is for all txns done on Axis IOCL Card.

5000 upper limit for accelerated reward points

Also Whether this limit is for statement cycle or calendar month ?

Statement cycle